Macau authorities have apprehended two women in connection with an illegal casino currency exchange operation. The arrests took place outside a casino in the Cotai district. This highlights ongoing efforts by law enforcement to combat illicit financial activities surrounding the region’s gaming establishments.
Arrests Made Over Illegal Currency Exchange
Reports from the Judiciary Police confirm the two women, both mainland Chinese nationals, were seen conducting unauthorized currency transactions. They allegedly approached patrons outside a major Cotai casino. Their offer was to convert Hong Kong Dollars (HKD) into Chinese Yuan (RMB) for a fee. This practice bypasses official financial channels. Macau law strictly prohibits such activities.
During the arrests, police discovered a significant amount of cash in their possession. Officers seized approximately HKD 60,000, along with RMB 8,000. Investigators also confiscated a portable money counting machine. The women reportedly used this device to facilitate their transactions efficiently.
Penalties for Illegal Currency Exchange
The Judiciary Police stressed that involvement in illegal casino currency exchange carries severe legal repercussions in Macau. Those convicted of such offenses can face up to three years in prison. These recent arrests are part of a wider crackdown. The goal is to maintain the integrity of Macau’s financial system. Authorities also aim to deter illegal activities. Such acts could harm the region’s standing as a global tourism and gaming destination.
Authorities have previously conducted similar arrests. This indicates a persistent challenge from unauthorized money changers targeting casino visitors. The police regularly urge the public and casino patrons to use only legitimate and regulated financial institutions. This applies to all currency exchange needs. They also warn against the risks linked to unofficial services.
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